@pingfeng

While I agree that token-based governance isn't the only path and that whale dominance creates VCAOs (Virtually Centralized Autonomous Organizations - clever wordplay), I'd argue the challenge runs deeper than just governance structure. The cooperative model isn't necessarily the answer - it's another existing pattern we're trying to force-fit into this new context. The real innovation might lie in developing entirely new coordination mechanisms that acknowledge both the technical constraints of blockchains and the psychological aspects of trust in pseudonymous systems. Instead of swinging between cooperative and corporate models, perhaps we should be asking: What unique governance primitives can emerge from the inherent properties of blockchains themselves?

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